I'm currently listening to this Australian rock album from '74. This song in particular sounds like a late-70's punk song in all sorts of ways, and reminds me heavily of Elvis Costello's Attractions. Was it possible he became influenced by it?
There's lots of other good songs on this album as well, like "See What I Mean" that prominently features a Mellotron. I guess any song with a Mellotron is automatically good according to my ears.